Share Price

Stamps

Leading provider of e-commerce shipping software solutions

  • Overview
  • Overview
  • Investment DateOctober 2021
  • Lead InvestorThoma Bravo
  • RegionUnited States
  • SectorTechnology/ IT
  • Percent of Fair Value1.9%
  • Key ThemeLong-Term Secular Growth
  • Visit WebsiteStamps
$30.0m
Value of Investment
Leading provider of e-commerce shipping software solutions
Company Description

Investment Thesis

  • Market leader with significant scale
  • Growing e-commerce megatrend
  • Attractive financial profile

 

Investment Overview

 

In October 2021, NBPE invested alongside Thoma Bravo, a leading software private equity manager, in the take-private transaction of Stamps.com, a leading provider of e-commerce shipping software solutions. Stamps.com was acquired for approximately $6.6 billion with Stamps.com shareholders receiving $330.00 per share in cash for each share of common stock.

Stamps.com is the leading provider of e-commerce shipping software solutions to customers including consumers, small businesses, e-commerce shippers, enterprises, and high volume shippers. The company’s multi-carrier solutions enable customers to print approved shipping labels for more than 350 carriers and integrate with more than 300 partners including shopping carts, marketplaces, e-commerce tools and various other software products. Stamps.com’s solutions also provide customers with access to discounted carrier rates including USPS and UPS. In 2020, Stamps.com software products enabled ~3.5 billion of shipped packages representing ~5% of worldwide ecommerce, and over 15% of U.S. ecommerce GMV.

The manager believes this was an attractive opportunity to invest in the large and growing e-commerce market. In addition, this was as an opportunity to partner with Thoma Bravo, which brings extensive software and operational expertise, to support the company’s next phase of growth.

 

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